ESSENDON 3040
State: VICPosiProp AI Investment Summary
ESSENDON (VIC 3040) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.7% and has experienced a 12-month capital growth of Up 7.7%, with a median house buy price of $1,830,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,381,000
$1,627,500
$2,007,500
$1,830,000
Suburb Market Profile
Last month Essendon had 112 properties available for rent and 115 properties for sale. Median property prices over the last year range from $1,830,000 for houses to $559,000 for units. If you are looking for an investment property, consider houses in Essendon rent out for $800 PW with an annual rental yield of 2.7% and units rent for $520 PW with a rental yield of 5.0%. Essendon has seen an annual compound growth rate of 7.7% for houses and 1.6% for units.
Top Yielding Suburbs in VIC
Explore other high-yield positive cash flow investment markets in VIC